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In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors. Crypto-lending firm Nexo has agreed to pay fines of $45 million to the Securities and Exchange Commission (SEC) for violating federal securities law. According to the regulatory agency, Nexo failed to register its crypto asset lending
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Swedish telecoms giant Ericsson says despite its poor Q4 2022 earnings, it sees significant patent revenue growth in the next 24 months. Ericsson recently reported a larger-than-anticipated decline in its Q4 2022 earnings statement. The Swedish telecommunications giant said its underwhelming fourth-quarter earnings are due to a slowdown in sales of
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Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value.A new DappRadar report on blockchain and decentralized application (DApp) adoption in 2022 revealed that the NFT sale count last
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Yuga Labs co-founder Wylie Aronow, aka Gordon Goner, has been outspoken about protecting creator royalties, noting in November that the company was looking into using allowlists coded into smart contracts to determine which wallet addresses could transfer NFTs. He noted that externally owned accounts, or EOAs, are a type of
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Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the
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Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner
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As the world’s largest chip manufacturer, TSMC was positioned to bear the brunt of the slowing demands in general.Taiwanese multinational chip manufacturing giant Taiwan Semiconductor Mfg. Co. Ltd (NYSE: TSM) has reported an impressive sales record for the 2022 financial year. According to the recent release by the company, its
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Sales of Rolls-Royce luxury cars for 2022 surpassed 6,000 units, trumping 2021’s commendable feat of 5,586. Rolls-Royce recently revealed record annual sales and a strong order book spearheaded by buyers from the Middle East in 2022. According to the luxury automobile maker, it sold 6,021 cars last year for the first time in
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The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with
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Bankrupt crypto exchange FTX's plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.As per the filing, U.S. Trustee Andrew Vara called for an independent investigation before any sale, claiming that valuable information related to
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